Cromer Property Market Update with Michelle Jones

Cromer Market Update Michelle Jones YOUR LOCAL AGENT

Suburb sales 125

Total sales in Cromer over the last 12 months

25A Toronto Avenue

12 Denison Place

17 Little Willandra Road

18/5 Carousel Close

1/33 Truman Avenue

12 Tennyson Road

17 Evergreen Drive

71 Carawa Road

15 Badcoe Road

99/81 Willandra Road

24 Evergreen Drive

27 Grover Avenue

Suburb statistics How Cromer performed over the last 12 months

$4,950,000

$2,360,000

$1,180,000

Highest sale price

Median House price

Median Unit price

21

96

29

Average days on market - House

Number of House sales

Number of Unit sales

15

$950/week

$575/week

Average days on market - Unit

Average rental price - House

Average rental price - Unit

46.9%

13.1%

Capital growth - houses

Capital growth - units

Source: yourinvestmentpropertymag.com.au Monthly data update for Mar 2021 as supplied by CoreLogic. Data is reported to the period ending Dec 2020. Please note that property sales data is routinely updated, so may change retrospectively.

Market wrap In 2021, we saw exceptional growth in the Northern Beaches market, with Cromer being one of the standout suburbs. This was largely impacted by ‘out of area’ buyers and locals looking for a change in lifestyle. Locals looked to upsize from Dee Why apartments for a balanced lifestyle and out of area buyers were capitalising on additional space. We noted that Cromer attracted buyers from Balgowlah, Collaroy Plateau and the Eastern Suburbs.

High demand within this area resulted in property prices increasing by a staggering 46.9%.

I recommend local residents take advantage of the market now and increase their personal wealth by shifting their five-year plan into the present. Whether you’re a downsizer, upsizer, first home buyer or wanting to grow your portfolio, we are here to help you find yourself in a better place. I look forward to chatting with you soon.

How Upstate performed in 2021

544

615

$10,125,000

Residential sales

Residential leased

Highest sale price Northern Beaches

108

123

118,000+

Commercial sales

Commercial leased

Prospective buyers on our database

Auction clearance rates

85%

82%

81%

Auction clearance rate Upstate

Auction clearance rate Sydney

Auction clearance rate Northern Beaches

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Michelle Jones Licensed Real Estate Agent

0452 337 680 michelle.j@upstate.com.au

As a dedicated mother, Michelle understands the real needs of families and people seeking the ideal home or sale result.

$3,350,000

171

65%

Highest sale price

Total properties sold

Repeat clients

A HUGE THANKS TO MICHELLE

PROFESSIONAL & VERY RESPONSIVE

Michelle was so so wonderful from

Michelle recently sold our home in

beginning to end. She took so much

Cromer. She stood out as an agent for

care with our place and looked after

us, as she made herself available at

our well being. She answered every

all times. We didn’t have to deal with

call and message at any day and time.

assistants or other team members,

The process was smooth, quick and

Michelle went above and beyond to

seamless. We are so happy with the

secure a buyer in a difficult market

result and would highly recommend

and I am happy to recommend her.

Michelle to everyone!

Vendor - Cromer

Vendor - Cromer upstate.com.au Level 1, Suite 15, 888 Pittwater Road, Dee Why, NSW 2099

YearS YOUNG

1922-2022